TCAI vs. ^GSPC

Last updated Jun 3, 2026

TCAI (Tortoise AI Infrastructure ETF) is Technology Equities fund actively managed by Tortoise, while ^GSPC (S&P 500 Index) is an index. A 0.68 correlation means they provide meaningful diversification when combined.

Performance

TCAI vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tortoise AI Infrastructure ETF (TCAI) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCAI achieves a 90.13% return, which is significantly higher than ^GSPC's 11.16% return.

TCAI

• 1D: 2.62%
• 1M: 22.37%
• YTD: 90.13%
• 6M: 84.31%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: 0.13%
• 1M: 5.25%
• YTD: 11.16%
• 6M: 11.43%
• 1Y: 28.20%
• 3Y*: 21.12%
• 5Y*: 12.66%
• 10Y*: 13.75%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCAI vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025
TCAI Tortoise AI Infrastructure ETF	90.13%	17.77%
^GSPC S&P 500 Index	11.16%	8.67%

Correlation

The correlation between TCAI and ^GSPC is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 6, 2025	0.68

Return for Risk

TCAI vs. ^GSPC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^GSPC

^GSPC Risk / Return Rank: 79
^GSPC Sharpe Ratio Rank: 76
^GSPC Sortino Ratio Rank: 76
^GSPC Omega Ratio Rank: 77
^GSPC Calmar Ratio Rank: 79
^GSPC Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCAI vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tortoise AI Infrastructure ETF (TCAI) and S&P 500 Index (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	TCAI	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.39	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.75	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.66	0.47	+4.18

Drawdowns

TCAI vs. ^GSPC - Drawdown Comparison

The maximum TCAI drawdown since its inception was -15.80%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for TCAI and ^GSPC.

Drawdown Indicators

	TCAI	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-15.80%	-56.78%	+40.98%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.45%	-10.72%	+7.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.97%	—

Volatility

Volatility by Period

	TCAI	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	35.90%	11.87%	+24.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.90%	16.90%	+19.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.90%	18.07%	+17.83%

Frequently Asked Questions

Can I hold both TCAI and ^GSPC in my portfolio?

TCAI and ^GSPC have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.